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Why Alternative Payment Methods and PayPal Are Right for You

As the eCommerce economy continues to grow, optimizing your website, apps and online stores are must-dos. That includes integration of alternative payment methods into your eCommerce payment capabilities. It is estimated that 15 percent of online purchasers today prefer to use an alternative payment method instead of using traditional credit card payment methods, and PayPal is by far the leading alternative payment method available.

CDS Global continues to integrate alternative payments to support eCommerce business, and clients can now accept PayPal for acquisition and payments.

The growth in usage of alternative payment methods for eCommerce purchases is attributable to several factors, including the increase in mobile usage and mobile purchases. The dramatic growth of mobile devices demands a more simplified and secure checkout experience for the mobile consumer. Mobile payment solutions will continue to grow as technology advances and smartphone penetration rates rise. The value of U.S. mobile transactions are expected to reach $117 billion by 2017.

In addition to added convenience for mobile users, alternative payment methods have proven to increase overall eCommerce conversions, driving additional revenue to the bottom line. Research shows that online merchants offering PayPal as a payment option reach a wider audience, and offering PayPal Express Checkout in addition to traditional credit card payments registered an 18 percent average increase in sales.

CDS Globals eCommerce and order management solutions continue to evolve, and the integration of PayPal solutions into CDS Globals systems allows our clients to accept PayPal for acquisition and payments. CDS Globals PayPal solutions can be used for recurring orders (including gifts) and supports online customer care transactions. In addition to supporting PayPal through our eCommerce solutions, CDS Global is also developing API solutions for clients who manage their own eCommerce pages and want to send PayPal payments to CDS Global to process.

Now is the time to optimize your eCommerce payment capabilities to ensure you are maximizing your opportunities associated with the growth in mobile commerce and alternative payments. For more information on CDS Globals capabilities around offering PayPal, send me an email.